Jim Cramer made the following calls on July 17th, 2013. What do you think about his picks?
Pepsico, Inc. (NYSE:PEP): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 16, 2013. The stock’s 52-week high is $85.51, and its 52-week low is $67.39.
As mentioned before, the suggestion from Nelson Peltz that Pepsi takeover Mondelez has speculators eager with anticipation. Cramer’s buy call for the stock came earlier in the week, though, making this news icing on the cake. The Mad Money host feels that there is opportunity for value because of the differing business model from competitor Coca-Cola (NYSE:KO). While Coke’s most recent quarterly report was disappointing, Cramer said, Pepsi’s diverse business operations including healthier snack foods make it promising for the future.